Intel (INTC) Posts In-line Q1 Earnings

Intel Corporation (INTC) shares are up $0.87 to $32.36 in after-hours trading Tuesday after the company reported first quarter 2015 earnings results.

The world’s largest chipmaker reported earnings of $0.41 per share on revenues of $12.78 billion, up 0.1% from a year ago. Analysts were expecting EPS of $0.41 on revenues of $12.83 billion. Net income for the quarter came in at $2.0 billion, a 3% increase from the corresponding period in 2014.

For the current quarter ending in June, INTC issued revenue projection of $12.7 – $13.7 billion, compared to the consensus revenue estimate of $13.45 billion. The company said it expects gross profit to improve to 62%, give or take “a couple of percentage points.”

On valuation measures, Intel Corp. shares, which currently have an average 3-month trading volume of 37.06 million shares, trade at a trailing-12 P/E of 13.63, a forward P/E of 13.12 and a P/E to growth ratio of 1.80. The median Wall Street price target on the name is $36.00 with a high target of $48.00. Currently ticker boasts 20 ‘Buy’ endorsements, compared to 16 ’Holds’ and 6 ‘Sell’.

Profitability-wise, INTC has a t-12 profit and operating margin of 20.95% and 28.00%, respectively. The $149.14 billion market cap company currently prints a one year return of about 23.60% and a year-to-date loss of around 12%.

The chart below shows where the equity has traded over the last 52 weeks.

Intel Corporation designs, manufactures, and sells integrated digital technology platforms worldwide. The company was founded in 1968 and is based in Santa Clara, California.

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